RBI Issues Circular On Levying Unfair Interest Charges On Customers

Finance Minister Nirmala Sitharaman, while mentioning that the condition of the country’s economy has improved significantly  in the last 10 years, said that the government will bring a white paper about the ‘mismanagement’ before the year 2014.

While presenting the interim budget for the financial year 2024-25 in Parliament before the general elections, Sitharaman said that after taking over the reins in 2014, the government was successful in dealing with the then-current crises and now the economy is moving on the path of high growth with all-round development.

Sitharaman said, “The government will present a white paper on the economy on the table of the house, so that it can be known where we were till 2014 and where we are now.” The purpose of this white paper is to learn lessons from the mismanagement of those years.

The government was formed for the first time under the leadership of Prime Minister Narendra Modi in 2014. Before that, the government was under the leadership of Manmohan Singh for 10 consecutive years i.e. 2004-14. The second term of Modi government is also going to end soon.

The Finance Minister said that in 2014, there was a big responsibility to fix the economy in a phased manner and bring the governance system on the right track. The need of the hour was to raise people’s expectations, attract investment and garner support for necessary reforms. At such a time, the government successfully achieved this with the strong belief of ‘Nation First’.

Sitharaman said that the government’s work, performance and ‘public welfare’ have given confidence to the people. This shows that in the times to come, the goal of ‘Developed India’ can be achieved with good intentions, true dedication and continuous efforts, no matter how much effort is required to achieve it.